Western Digital (WDC) Soars to All-Time High as 2 Analysts Turn Bullish

Core Insights - Western Digital Corp. (NASDAQ:WDC) reached an all-time high of $244.90, increasing by 9.8% before closing at $241.90, up 8.49% on the day, following positive revisions from analysts [1][3]. Price Target Revisions - Rosenblatt raised its price target for Western Digital by 64% to $275 from $165, maintaining a "buy" recommendation [2]. - Bank of America increased its price target by 30% to $257 from $197, also reaffirming a "buy" recommendation, anticipating strong revenue and earnings in the upcoming earnings call [4]. Business Outlook - Analysts are optimistic about Western Digital's build-to-order strategy, which is expected to enhance visibility, limit inventory builds, and optimize manufacturing capacity [3]. - Bank of America expects stable product prices due to demand outpacing supply [4]. Upcoming Events - Western Digital is scheduled to hold an Innovation Day on February 3, showcasing innovations aimed at meeting the growing demand for data storage in the AI-driven data economy [5].